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22 November 2024 | 24 replies
It wasn’t a detailed plumbing drawing- he had shown one line going to all units while the contractor pointed out that it is better to show individual lines to each unit as repairs and maintenance are easier. and some towns even require it .
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1 December 2024 | 377 replies
With a full time job even 15 units gets tough between collecting rent keeping repairs up, preventative maintenance, looking for new deals, managing refinances, etc.
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22 November 2024 | 6 replies
Online Facebook groups can be fruitfulOnce you find a property things tend to move fast so have a good contractor available to help you estimate repairs.
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21 November 2024 | 1 reply
If a major expense comes about (i.e. roofing repair, hvac, etc) we would split that as well.
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13 November 2024 | 1 reply
Considering the high deductible on House B, I am only filing a claim for House A, and coming out of pocket for the cost of repairing or replacing the roof for House B.
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20 November 2024 | 14 replies
If selling is on the table, a 1031 exchange could allow you to defer taxes and reinvest in properties with better cash flow or lower maintenance needs.Since repairs are mostly handled, it might be worth reviewing your rents to see if there’s room to increases/ways to improve cash flow.
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13 November 2024 | 2 replies
If I don't make the repairs to the MH I won't be able to rent it at all.
13 November 2024 | 8 replies
Whereas habitability issues, like structural repairs, may.
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16 November 2024 | 6 replies
If I purchase a duplex and live in one side and decide to renovate the side I’m living in. Can I write off/ deduct my expenses for the renovation?I would be doing this to be able to rent it out in the future at a high...
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20 November 2024 | 10 replies
Are you certain the after repair value will justify this $40,000 budget?